Sumitomo confirms plans for $9.6bn capital boost
Sumitomo Mitsui Financial Group confirmed plans to sell new shares worth as much as ¥889bn ($9.6bn) on Wednesday, ending speculation that has weighed on its stock price since rival lender Mitsubishi UFJ Financial Group raised ¥1tn in a December share sale.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts